Swingvy Pte Ltd
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Swingvy Pte Ltd - overview
Established
2016
Location
Singapore, -, Singapore
Primary Industry
Software
About
Based in Singapore, Swingvy Pte Ltd is a cloud-based human resources management platform that simplifies HR processes for small and medium-sized enterprises, enhancing efficiency through innovative solutions. Swingvy Pte Ltd, founded in 2016, is a technology company that specializes in providing HR management systems. The company is headquartered in Singapore and has made two significant funding deals to date. Its most recent funding round, a Series A, took place on July 20, 2023, raising USD 7.
25 mn led by Samsung Venture Investment, with participation from Shiftee Inc. , BASS Investment, as well as returning investors like Aviva Ventures, Big Basin Capital, and Walden International. The company's founders, Hyojun Lee, Jin Choeh, and Tho Hoong, have a background in technology and entrepreneurship, with Jin Choeh currently serving as the CEO. Swingvy HRMS offers a comprehensive online human resources management system tailored specifically for small and medium-sized enterprises (SMEs).
The platform streamlines HR processes, including employee onboarding, payroll management, benefits administration, and performance tracking. It is designed to address the unique challenges faced by SMEs, particularly in Southeast Asia, including countries like Malaysia and Indonesia, enabling organizations to manage their human resources more efficiently and focus on growth and employee engagement. In the most recent year, Swingvy generated revenue of USD 236,270. 10, with an EBITDA of USD -311,438.
80. The company's revenue model is subscription-based, allowing clients to access a range of HR solutions through flexible pricing plans tailored to their organizational needs. Following the successful Series A funding round in July 2023, Swingvy plans to utilize the raised USD 7. 25 mn to enhance its product offerings and expand its market presence.
The company is focused on developing new features for its HR platform and aims to increase its footprint in Southeast Asia, targeting additional markets beyond Singapore, Malaysia, and Indonesia by the end of 2024.
Current Investors
Big Basin Capital, Walden International, Samsung Venture Investment
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Content Management Software, HR & Workforce Software, Monitoring & Security Software, Systems Management Software
Website
www.swingvy.com
Verticals
Cloud Computing, Mobile Apps
Company Stage
Series A
Total Amount Raised
Subscriber access only
Swingvy Pte Ltd - timeline of key events
Swingvy Pte Ltd - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 7,541 | - | - | 481,670 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - |
| EBITDA (USD) | (124,779) | (245,061) | - | - | (678,231.4) | - | - | - |
| Operating Income (USD) | (124,779) | (245,061) | - | - | (678,231.4) | - | - | - |
| Operating Margin | - | (3249.7%) | - | - | (140.8%) | - | - | - |
| % EBITDA Margin | - | (3249.7%) | - | - | (140.8%) | - | - | - |
| NET Income (USD) | (124,779) | (245,061) | - | - | (677,184) | - | - | - |
| % Net Margin | - | (3249.7%) | - | - | (140.6%) | - | - | - |
Swingvy Pte Ltd - employee data
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